Cryptocurrency Memes: The Only Assets That Can Survive a Bear Market

If there are two issues a bear market’s good for, it’s constructing and memeing. Your portfolio is perhaps down, however in case you’re something like crypto Twitter, your meme financial institution can be crammed to overflowing with riches. Bloody markets make for marvelous memes.

Bears Everywhere

Twelve months in the past, media retailers corresponding to information.Bitcoin.com have been operating low on inventory pictures of bulls to accompany tales of BTC hitting new all-time highs. One yr on and it’s bears we’re operating low on. Thankfully, web picture boards and Telegram channels are a ripe repository of the kind of bears final seen in childhood cartoons, now repurposed to go well with the market we discover ourselves in.

Do our memes mirror the temper of the markets or do the markets mirror the temper of our memes? Perhaps if all of us shared extra bulls in our cryptocurrency buying and selling teams the great occasions would return.

Hide the Pain

While market downturns could be good for germinating new memes, they’re additionally good for resurrecting previous ones. Hide the Pain Harold sticker units have been seeing heavy utilization on Telegram ever since BTC dropped under $6,000.

NPC

2018’s defining meme has undoubtedly been the non-player character (NPC). It’s been used mercilessly all through the cryptocurrency area to mock opponents, with the Blockstream/Bitcoin Core Telegram pack one of many best sticker collections presently doing the rounds.

Sergey and the Singularity

Some crypto memes are too arcane to elucidate. Quite why posters on 4chan’s /biz/ messageboard have fixated on the CEO of oracle undertaking Chainlink doesn’t matter. Nor does it matter why they’re hoarding LINK in anticipation of an occasion dubbed The Singularity that’s supposedly going to make them stupidly wealthy. All that issues is poor Sergey Nazarov has been memed mercilessly, albeit for all the appropriate causes – specifically humor and consciousness by his devoted band of Link Marines.

ICO Bingo

You’ve in all probability already seen the bagholder bingo card:

In a week the place the SEC laid the banhammer on a brace of ICOs, it appears the right time to share bagholder bingo’s sister card – ICO bingo:

Finally, regardless of how rekt your portfolio may be, keep in mind – it could possibly all the time get rekter.

What are your favourite crypto memes of the second? Let us know within the feedback part under.